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1101 Hiawatha Ave Pipestone, MN 56164-2308

OFF-MARKET Apartment buildings Google Maps
7.49 ac lot
Entity Owned Free & Clear
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
Property ID US46-2016724

Property summary

AI-generated overview

This exceptional investment opportunity presents a 25-bedroom assisted living facility nestled in the vibrant community of Pipestone, Minnesota. Situated on a generous 7.49-acre lot, this well-established business offers a unique blend of comfort and high-quality senior care. The facility boasts spacious bedrooms designed with safety and resident comfort in mind, catering to the increasing demand for assisted living services in the area. Pipestone's strong community ties and growing senior population provide a stable and supportive environment for this thriving business. The property's strategic location facilitates partnerships with local organizations and healthcare providers, further enhancing its operational efficiency and market reach. This turnkey operation benefits from a proven history of resident satisfaction and quality care, making it an attractive proposition for investors seeking a rewarding and impactful business venture. The substantial size of the property, coupled with its established reputation and location within a growing community, presents a compelling investment opportunity with significant potential for future growth and profitability. Financial details are available upon request. This is a rare chance to acquire a successful and established assisted living facility in a desirable location.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Lot 7.49 ac (326,264 SF)
APN 18.101.0130
UPID US46-2016724

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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